AXA UK has announced that following a review of the UK life and savings market, it will be selling the AXA Wealth business, believing it could be even more successful with organisations that have a stronger strategic focus on the life and savings market.
The business will be sold in three parts:
AXA Wealth continues to operate as usual. Right now this doesn’t affect individual investors, or any of your investments. So there’s no need to worry and there is nothing you need to do at this time. We remain focused on ensuring that continuity of service is maintained until the various sales complete. Making sure our customers get the most from their investment opportunities.
The various sales are fairly complex and subject to certain conditions, including regulatory approvals, and we expect these to complete by Q4 2016.
AXA to sell its offshore investment bonds business in UK to Life Company Consolidation Group
Agreement to sell AXA’s UK Life & Savings businesses
Agreement to sell AXA Wealth's investment, pension and direct protection businesses in the UK to Phoenix Group Holdings
If you have a financial adviser then they’ll keep you informed as further details become available.
If you don’t have a financial adviser then we’ll post any new information on our website, and will write to you if there’s anything important you need to know. If you have any questions you’d like to ask in the meantime, then please email us at
AXA Wealth includes the following companies: Architas Multi-Manager Limited (No. 06458717), AXA Portfolio Services Limited (No. 01128611), AXA Wealth Services Limited (No. 02238458) and AXA Wealth Limited (No. 01225468). All of these companies are registered in England and limited by shares. Their registered office is 5 Old Broad Street, London EC2N 1AD.
Architas Multi-Manager Limited, AXA Portfolio Services Limited and AXA Wealth Services Limited are authorised and regulated by the Financial Conduct Authority. AXA Wealth Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. AXA Wealth Limited promotes and distributes its own products. AXA Wealth Services Limited promotes and distributes the products of AXA Portfolio Services Limited, AXA Isle of Man Limited and certain AXA Life Europe Limited products in the United Kingdom. Details of the companies offering specific products are shown in the product literature.
AXA Wealth is a marketing brand used by AXA Portfolio Services Limited.